Cerity Partners LLC grew its stake in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 31.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,340 shares of the specialty retailer's stock after purchasing an additional 2,222 shares during the period. Cerity Partners LLC's holdings in Ulta Beauty were worth $3,424,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of ULTA. Alps Advisors Inc. acquired a new position in Ulta Beauty during the first quarter worth $370,000. Allworth Financial LP boosted its position in Ulta Beauty by 18.7% during the first quarter. Allworth Financial LP now owns 254 shares of the specialty retailer's stock worth $98,000 after purchasing an additional 40 shares in the last quarter. Parr Mcknight Wealth Management Group LLC boosted its position in Ulta Beauty by 40.7% during the first quarter. Parr Mcknight Wealth Management Group LLC now owns 3,580 shares of the specialty retailer's stock worth $1,312,000 after purchasing an additional 1,036 shares in the last quarter. Poinciana Advisors Group LLC purchased a new stake in Ulta Beauty during the first quarter worth $216,000. Finally, Principal Securities Inc. lifted its position in shares of Ulta Beauty by 6.8% in the first quarter. Principal Securities Inc. now owns 864 shares of the specialty retailer's stock valued at $317,000 after acquiring an additional 55 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.
Ulta Beauty Stock Up 1.3%
Shares of ULTA traded up $6.45 during midday trading on Monday, hitting $499.75. The company had a trading volume of 224,169 shares, compared to its average volume of 1,034,656. The company's 50 day moving average price is $455.14 and its 200 day moving average price is $404.92. The stock has a market cap of $22.46 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 2.99 and a beta of 1.08. Ulta Beauty Inc. has a 52 week low of $309.01 and a 52 week high of $500.15.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share for the quarter, topping the consensus estimate of $5.73 by $0.97. The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.79 billion. Ulta Beauty had a net margin of 10.45% and a return on equity of 49.73%. The company's revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.47 EPS. Equities analysts anticipate that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.
Analysts Set New Price Targets
ULTA has been the topic of a number of analyst reports. Raymond James Financial restated an "outperform" rating and set a $500.00 target price (up previously from $450.00) on shares of Ulta Beauty in a research report on Friday, May 30th. Argus downgraded Ulta Beauty from a "buy" rating to a "hold" rating in a research report on Monday, April 14th. JPMorgan Chase & Co. increased their target price on Ulta Beauty from $477.00 to $525.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. Wells Fargo & Company increased their target price on Ulta Beauty from $315.00 to $350.00 and gave the stock an "underweight" rating in a research report on Friday, May 30th. Finally, DA Davidson increased their target price on Ulta Beauty from $485.00 to $550.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $465.04.
View Our Latest Research Report on ULTA
About Ulta Beauty
(
Free Report)
Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.
Further Reading
Before you consider Ulta Beauty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ulta Beauty wasn't on the list.
While Ulta Beauty currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
